EURUSD continues to rally towards a higher time frame area that has my attention.
The grey box marks a Daily supply zone, but what makes this area particularly interesting is its alignment with the horizontal level shown by the orange ray. Looking left, price has reacted from this level on multiple occasions, suggesting it has acted as a meaningful area of interest in the past.
At this stage, I have no interest in selling before price reaches the zone. My plan is simply to let price come to me.
If price trades into this area, I’ll drop to the lower timeframes and monitor how price behaves. Ideally, I’d like to see signs of buyers losing control before considering any short positions. That could include a liquidity sweep, displacement to the downside and a clear market structure shift before looking for an entry on a retracement.
If none of those conditions develop, then there is no trade. The higher time frame level simply provides the context, price action will determine whether the idea becomes executable.

For now, this is a level on the watchlist rather than an active setup.